Database of pension plans and products in the EEA

The compilation of registered Database of Pension Plans and Products herein is intended to provide easily accessible information in accordance to Article 8 of EIOPA Regulation.

The Database is a unique resource providing a comprehensive snapshot of the European pensions’ landscape and helps to better understand pension systems in Europe.

The Database has been prepared by EIOPA on a best effort basis, with contributions from national competent authorities. Adjustments and simplifications were applied both in defining characteristics of plans and products and in providing the information by the authorities. Therefore, the Database should not be interpreted as a fully complete, “official” list of all pension plans, products or their providers available in EEA. Similarly, the definitions and classifications used have been established for the purpose of the Database and are not binding in any way.

In addition, for some countries the information contained in the Database may not be entirely explicative of the national context.

Scope

Plans and products included in the Database are those non-public arrangements and investment vehicles which have an explicit objective of retirement provision (according to a national social and labour law or tax rules) irrespective whether they are of occupational or personal type.

Both 1st pillar-bis pensions available in the Central and Eastern Europe (CEE) and plans/products which are defined in the legislation but not yet offered to the public (or have no members) are also included.

The pension plans managed by the State or public entities (1st pillar pensions) and “pure” annuities (i.e. products not linked to an accumulation phase) are excluded from the Database.

The Database is aimed to be updated, checked for completeness, consistency and methodological aspects on an annual basis.

EIOPA has prepared this compilation from information received from EEA national competent authorities. EIOPA accepts no responsibility or liability whatsoever.

The Directive 2003/41/EC is fully implemented by law 78/2007, but an IORP has not been established

No

Yes

Yes

No

No

No representation

Yes

Yes

An IORP has not been established

0

0

0,00

0,00

0

0,00

0

0

0,00

0,00

0

2014

10/12/2015

01/01/1900

IS

IS-3

Séreignasparnaður|Personal pension scheme

IS-3.1

NEL

NEL

Yes

No

personal

personal

voluntary

voluntary

DC

full exposure to investment risk

Funded

Segregated assets

Voluntary

Both workforce and individuals

important

important

limited

limited

Multiple investment options

possible

possible

possible

3

Yes

Yes

Yes

Yes

No

No representation

No

Yes

116062

125921

2600,60

2791,90

125921

2791,90

116062

125921

2600,60

2791,90

24

2014

10/12/2015

01/01/1900

IS

IS-2

Lífeyrissjóður|Mutual insurance division

IS-2.1

NEL

NEL

Yes

No

occupational

occupational

mandatory

mandatory

DC

full exposure to investment risk

Funded

Autonomous entity

Mandatory

Both workforce and individuals

predominant

limited

limited

limited

No investment options

100%mandatory

not possible

not possible

4

No

Choice in some cases

Yes

Yes

No

No

Representation of employers and employees

Yes

Yes

145114

139809

10814,20

1193,40

139809

1193,40

145114

139809

10814,20

1193,40

17

2014

10/12/2015

01/01/1900

IS

IS-1

Lífeyrissjóður-public sector|Mutual insurance division guaranteed by the state and municipalities

IS-1.1

NEL

NEL

Yes

No

occupational

occupational

mandatory

mandatory

DB

No exposure to investment risk

Funded

Autonomous entity

Mandatory

Both workforce and individuals

predominant

nil

nil

nil

No investment options

100%mandatory

not possible

not possible

4

Partially funnded. Present funding ratio close to 60%

No

Yes

Yes

No

No

Representation of employers and employees

No

Yes

51362

43653

4333,10

4746,50

43653

4746,50

51362

43653

4333,10

4746,50

10

2014

10/12/2015

01/01/1900

FR

FR-1

Schemes under article 39 of the French General Tax Code

FR-1.1

IORP|IORP art.4|LAD

Yes

Yes

occupational

occupational

mandatory

not possible

DB

No exposure to investment risk

Funded

Contractual obligation

Mandatory

Workforce of a single employer

predominant

nil

nil

nil

No investment options

100%mandatory

not possible

not possible

No

Yes

Yes

No

Yes

Representation of employers only

Yes

Yes

0

0

37241,00

39269,00

0

37241,00

Latest data are as at 31.12.2014

0

0

37241,00

39269,00

0

2014

01/07/2016

31/12/2014

FR

FR-2

Schemes under article 82 of the French General Tax Code

FR-2.1

IORP|IORP art.4|LAD

Yes

Yes

occupational

occupational

mandatory

voluntary

DC with guarantees

At least capital guaranteed

Funded

Contractual obligation

Voluntary

Workforce of a single employer

predominant

nil

nil

nil

Multiple investment options

possible

possible

not possible

(2.1.2) Although it is legally possible for employees to pay contributions, in most cases, the agreement allows only contributions from employers. (2.6) The membership is based on individual negotiations between the employer and the employee.

No

Yes

Yes

No

No

Representation of employers only

Yes

No

150000

250000

4041,00

3962,00

250000

4041,00

Latest data are as at 31.12.2014

150000

250000

4041,00

3962,00

0

2014

01/07/2016

31/12/2014

FR

FR-2

Schemes under article 82 of the French General Tax Code

FR-2.2

IORP|IORP art.4|LAD

Yes

Yes

occupational

occupational

mandatory

voluntary

DC

At least capital guaranteed

Funded

Contractual obligation

Voluntary

Workforce of a single employer

predominant

nil

nil

nil

Multiple investment options

possible

possible

not possible

(2.1.2) Although it is legally possible for employees to pay contributions, in most cases, the agreement allows only contributions from employers. (2.6) The membership is based on individual negotiations between the employer and the employee.

No

Yes

Yes

No

No

Representation of employers only

Yes

No

0

0

0,00

0,00

0

0,00

Latest data are as at 31.12.2014

0

0

0,00

0,00

0

2014

01/07/2016

31/12/2014

FR

FR-3

Schemes under article 83 of the French General Tax Code

FR-3.1

IORP|IORP art.4|LAD

Yes

Yes

occupational

occupational

mandatory

mandatory

DC with guarantees

At least capital guaranteed

Funded

Contractual obligation

Mandatory

Workforce of a single employer

predominant

nil

nil

nil

Multiple investment options

100%mandatory

not possible

not possible

(2.6) Aimed at specific catagories of employees and possibility to transfer individually the benefits to another scheme

No

Yes

Yes

No

No

Representation of employers only

Yes

Yes

3500000

4100000

53529,00

57125,00

4100000

53529,00

Latest data are as at 31.12.2014

3500000

4100000

53529,00

57125,00

0

2014

01/07/2016

31/12/2014

FR

FR-3

Schemes under article 83 of the French General Tax Code

FR-3.2

IORP|IORP art.4|LAD

Yes

Yes

occupational

occupational

mandatory

mandatory

DC

At least capital guaranteed

Funded

Contractual obligation

Mandatory

Workforce of a single employer

predominant

nil

nil

nil

Multiple investment options

100%mandatory

not possible

not possible

(2.6) Aimed at specific catagories of employees and possibility to transfer individually the benefits to another scheme

No

Yes

Yes

No

No

Representation of employers only

Yes

Yes

0

0

0,00

0,00

0

0,00

Latest data are as at 31.12.2014

0

0

0,00

0,00

0

2014

01/07/2016

31/12/2014

FR

FR-4

PERCO

FR-4.1

NEL

NEL

Yes

Yes

occupational

occupational

mandatory

voluntary

DC

full exposure to investment risk

Funded

Segregated assets

Voluntary

Workforce of a single employer

predominant

nil

nil

nil

Multiple investment options

possible

possible

not possible

(2.1.1) The contribution of the employer depends on the contributions made by the member and it is mandatory as long as the member has made contributions to the plan (2.4) Workforce of many employers is also possible

No

Yes

Yes

No

No

Representation of employers only

Yes

Yes

(4.2) Governance requirements apply to the dedicated investment funds which serve as investment units for this kind of pension arrangement.